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  • #1,361
  • Jun 1, 2021 10:38am Jun 1, 2021 10:38am
Quoting Simply-Me
{quote} Specially NZD pairs.Spreads goes wild at start of new session. EN 30-40 pips easy,GN I saw up to 60 pips spread at that time.
That is normal when market reopen, you have to wait some 1 hour and everything get on track...
  • #1,362
  • Jun 1, 2021 7:41pm Jun 1, 2021 7:41pm
There was a bit draw down there in NY session, but then I just closed all for a small profit.

Now well over 5.2 k.

3 trading days elapsed. 4th day in progress.

6 more days to go for minimum trading days. ( 10 days )

Can afford to go slow.
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Intraday only.
  • #1,363
  • Jun 1, 2021 8:25pm Jun 1, 2021 8:25pm
Quoting navk
There was a bit draw down there in NY session, but then I just closed all for a small profit. Now well over 5.2 k. 3 trading days elapsed. 4th day in progress. 6 more days to go for minimum trading days. ( 10 days ) Can afford to go slow. {image}
How about to post your trades?
Whether you think you can, or you think you can't,you're right. H.F.
  • #1,364
  • Jun 1, 2021 10:58pm Jun 1, 2021 10:58pm
I read some idiots were doing challenges using some signal idiot. All of them lost their account then went and blamed the prop firm.....

This market man... full of idiots.
  • #1,365
  • Jun 2, 2021 1:14am Jun 2, 2021 1:14am
Quoting Simply-Me
{quote} How about to post your trades?
I would suggest copying some one else's trades is not good. It will not take you for long.
Intraday only.
  • #1,366
  • Jun 2, 2021 7:20am Jun 2, 2021 7:20am
Quoting navk
{quote} I would suggest copying some one else's trades is not good. It will not take you for long.
How can someone copy finished trades???
Whether you think you can, or you think you can't,you're right. H.F.
  • #1,367
  • Jun 2, 2021 8:51am Jun 2, 2021 8:51am
Quoting Takisd
I read some idiots were doing challenges using some signal idiot. All of them lost their account then went and blamed the prop firm..... This market man... full of idiots.
Well said

If it were that simple, it makes me wonder why don't those signal providers just sign up directly for prop too instead of selling signals for a measly sum every month
  • #1,368
  • Jun 2, 2021 11:19am Jun 2, 2021 11:19am
Quoting MaryAnne
{quote} Well said If it were that simple, it makes me wonder why don't those signal providers just sign up directly for prop too instead of selling signals for a measly sum every month
Golden rule of any business: better to have 100,- customers paying 100,- each month,then one customer paying 10000,-.
Whether you think you can, or you think you can't,you're right. H.F.
  • #1,369
  • Jun 2, 2021 12:00pm Jun 2, 2021 12:00pm
Quoting Simply-Me
{quote} Golden rule of any business: better to have 100,- customers paying 100,- each month,then one customer paying 10000,-.
What I mean is if their signals are so good, why don't they get funded with a 100k account and trade it? No need to even answer Q&A or do customer service which is so time consuming.

Instead, they prefer to sell signal service to people for 50-100 USD a month and spend all their time replying to their customers...? Unless they are not even sure their signal works.
  • #1,370
  • Jun 2, 2021 1:22pm Jun 2, 2021 1:22pm
Quoting MaryAnne
{quote} What I mean is if their signals are so good, why don't they get funded with a 100k account and trade it? No need to even answer Q&A or do customer service which is so time consuming. Instead, they prefer to sell signal service to people for 50-100 USD a month and spend all their time replying to their customers...? Unless they are not even sure their signal works.
It beats me
but on the other hand,if you know what you doing and your signals are reliable,so why not to have another source of income and little fun while doing it,because trading is boring occupation.
Whether you think you can, or you think you can't,you're right. H.F.
  • #1,371
  • Jun 2, 2021 2:06pm Jun 2, 2021 2:06pm
Quoting Simply-Me
{quote} It beats me but on the other hand,if you know what you doing and your signals are reliable,so why not to have another source of income and little fun while doing it,because trading is boring occupation.
Exactly, trading becomes tedious and boring when you know what you are doing....
  • #1,372
  • Jun 2, 2021 2:18pm Jun 2, 2021 2:18pm
Quoting MaryAnne
{quote} Well said If it were that simple, it makes me wonder why don't those signal providers just sign up directly for prop too instead of selling signals for a measly sum every month
Prop firms have exposed signal sellers ''naced''
  • #1,373
  • Jun 2, 2021 2:53pm Jun 2, 2021 2:53pm
Quoting Simply-Me
{quote} It beats me but on the other hand,if you know what you doing and your signals are reliable,so why not to have another source of income and little fun while doing it,because trading is boring occupation.
Here's the thing. If you know what you are doing and signals are reliable, you will get funded and then join chatroom with fellow traders to discuss and have fun. It is def way better than answering angry emails and complaints from angry customers who lost money following the signals (and demanding refund).

In fact some guys I know in US go golfing every Friday to network with other high net worth individuals. They are not gonna sit around and spend their days replying emails for a small sum. Not worth their time and effort they say.

Quoting mizi123
{quote} Prop firms have exposed signal sellers ''naced''
Friend, what does "naced" mean?
  • #1,374
  • Jun 2, 2021 3:01pm Jun 2, 2021 3:01pm
ah yes... the old "Why not"...

BRB guys, going to go ask goldman sachs if i can trade their money using a guy from instagrams signals bot. Wish me luck.
  • #1,375
  • Jun 2, 2021 3:01pm Jun 2, 2021 3:01pm
Quoting MaryAnne
{quote} Here's the thing. If you know what you are doing and signals are reliable, you will get funded and then join chatroom with fellow traders to discuss and have fun. It is def way better than answering angry emails and complaints from angry customers who lost money following the signals (and demanding refund). In fact some guys I know in US go golfing every Friday to network with other high net worth individuals. They are not gonna sit around and spend their days replying emails for a small sum. Not worth their time and effort they say. {quote}...
"naceed" in tearms of possibilitie if he is in able to make that 400 pips in week why he have to sell signals to 100 clients when he can apply in a prop firm for 100 K account and to make in these way that 10% and to don't deal with 100 ppl!?
  • #1,376
  • Jun 2, 2021 3:08pm Jun 2, 2021 3:08pm
Quoting mizi123
{quote} "naceed" in tearms of possibilitie if he is in able to make that 400 pips in week why he have to sell signals to 100 clients when he can apply in a prop firm for 100 K account and to make in these way that 10% and to don't deal with 100 ppl!?
Oh you are right. That's exactly what I am thinking too. It is a lot of headache and pain dealing with emails and queries from 100 ppl esp if they are screaming about losses and demanding refund (these types will always be around). Also, will it affect credit rating if they do chargeback?

Quoting Takisd
ah yes... the old "Why not"... BRB guys, going to go ask goldman sachs if i can trade their money using a guy from instagrams signals bot. Wish me luck.
Haha nice one. But yes, I've gotten your point
  • #1,377
  • Jun 2, 2021 3:17pm Jun 2, 2021 3:17pm
Quoting mizi123
{quote} "naceed" in tearms of possibilitie if he is in able to make that 400 pips in week why he have to sell signals to 100 clients when he can apply in a prop firm for 100 K account and to make in these way that 10% and to don't deal with 100 ppl!?
Because signal providers cannot trade, that's why they sell signals.
  • #1,378
  • Jun 2, 2021 3:18pm Jun 2, 2021 3:18pm
Quoting Takisd
ah yes... the old "Why not"... BRB guys, going to go ask goldman sachs if i can trade their money using a guy from instagrams signals bot. Wish me luck.
Hey, see if you can get me in too.
  • #1,379
  • Jun 2, 2021 3:22pm Jun 2, 2021 3:22pm
Quoting pipmaster77
{quote} Because signal providers cannot trade, that's why they sell signals.
Interesting... what does can't trade mean?
Some provide entry, TP and SL so should be easy to program an EA to trade their setups right?

Or maybe they are just not confident in their own signals... and prefer getting money from subscriptions
  • #1,380
  • Jun 2, 2021 4:05pm Jun 2, 2021 4:05pm
Quoting MaryAnne
{quote} Interesting... what does can't trade mean? Some provide entry, TP and SL so should be easy to program an EA to trade their setups right? Or maybe they are just not confident in their own signals... and prefer getting money from subscriptions
If you can trade, you trade. Maybe share your system with some close friends and relatives. It's like the old saying "those who can't do.......teach. Why go through the hassle for some measly subscription fees that you have to do customer service on. Now if you have that all of that automated, maybe someone else handling the complaint calls....could be a different story. There are a couple of services that people go to looking to copy trades, they match the traders with the signal providers, we all know who they are. They collect the sub fees for you, take a cut, but completely hands off. Of course, you better be performing as you are in competition with every one else's system.
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